For restaurants, rent should ideally be under 10% of gross sales, so I believe $5,500 a month is fair.The seller doesn't have a rent roll or strong financials, and his tax returns are 50% lower than his claims.

I’d lose about $48k (mortgage, hoa, ins and prop taxes).

Was the property built before or after 1974?

Losing the low property tax.

Also, what if Property 2 is sold after Day 45, when the replacement property is already identified for Property 1?

One bed+bath upstairs, two beds + one bath in a finished basement.Fast forward 5 years (after the long term tenant of 4 years left) and I get a report that the basement has been ruined from water intrusion, requiring the entire basement to be gutted and re-finished.

.* Talk to your tax professional and find out what your tax implications are from inheriting the property to buying out your brother and putting it in an LLC, etc. * Also find out if the property's tax assessment changes with any of the scenarios above.

You can typically put this financing in place up to 90 days after a cash purchase.

We go right from townhome to new place, don't have to rent townhome back after sale, don't have to move anywhere temporarily, no storage units, etc.thanks in advance!

like liens judgements taxes owed etc.